Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies

Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and...

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Main Author:	Qazwanji, Firas Nooraldeen Mardan
Format:	Thesis
Language:	eng eng eng
Published:	2022
Subjects:	HD2709-2930.7 Corporations HD58.7 Organizational Behavior.
Online Access:	https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf https://etd.uum.edu.my/10718/2/s903437_01.pdf https://etd.uum.edu.my/10718/3/s903437_02.pdf
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id	my-uum-etd.10718
record_format	uketd_dc
spelling	my-uum-etd.107182023-10-30T07:00:46Z Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies 2022 Qazwanji, Firas Nooraldeen Mardan Che Adam, Noriah Abdullah, Zaimah Tunku Puteri Intan Safinaz School of Accountancy (TISSA) Tunku Puteri Intan Safinaz School of Accountancy HD2709-2930.7 Corporations HD58.7 Organizational Behavior. Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and firm performance in the absence of a code for corporate governance in Iraq. Therefore, this study aimed to examine the relationship between the board of directors' characteristics and ownership structure, the firm performance of companies, and the intellectual capital variable as a moderating effect. This study utilized secondary data from 2015 to 2019 for the listed companies in Iraq. This study employs the agency theory, resource dependence theory, and resource-based theory to investigate the relationship between the variables. The sample of the study was 46 companies for 230 firms’ observations based on the balanced panel data. This study employed STATA in running the Panel Corrected Standard Errors (PCSE). This study found positive and significant relationships between board size, board meeting, board change, institutional ownership, block shareholders ownership, and Tobin’s Q as a measure of performance of the firm. However, for the second measurement of firm performance using ROA, the results showed a positive and significant relationship between board size, board meeting, board change, managerial ownership, institutional ownership, and block shareholders ownership. The results for interaction variables found that intellectual capital moderates the relationship between most of the board characteristics, ownership structure variables, and firm performance. The acceptance of most hypotheses related to board characteristics and ownership structure underscores their necessity during the formulation of corporate governance policy. These findings can be used by the governance and regulatory bodies to develop the code of Iraq’s corporate governance. Future research can employ comparative studies among Middle East countries to provide more robust findings that may be generalized across countries. 2022 Thesis https://etd.uum.edu.my/10718/ https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf text eng staffonly https://etd.uum.edu.my/10718/2/s903437_01.pdf text eng 2025-11-03 staffonly https://etd.uum.edu.my/10718/3/s903437_02.pdf text eng staffonly other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Che Adam, Noriah Abdullah, Zaimah
topic	HD2709-2930.7 Corporations HD58.7 Organizational Behavior.
spellingShingle	HD2709-2930.7 Corporations HD58.7 Organizational Behavior. Qazwanji, Firas Nooraldeen Mardan Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
description	Corporate governance issues have been the focus of attention for researchers for over three decades due to the global economic crisis. Despite the well-established relationship between corporate failure and corporate governance, there is still a lack of studies on corporate governance mechanisms and firm performance in the absence of a code for corporate governance in Iraq. Therefore, this study aimed to examine the relationship between the board of directors' characteristics and ownership structure, the firm performance of companies, and the intellectual capital variable as a moderating effect. This study utilized secondary data from 2015 to 2019 for the listed companies in Iraq. This study employs the agency theory, resource dependence theory, and resource-based theory to investigate the relationship between the variables. The sample of the study was 46 companies for 230 firms’ observations based on the balanced panel data. This study employed STATA in running the Panel Corrected Standard Errors (PCSE). This study found positive and significant relationships between board size, board meeting, board change, institutional ownership, block shareholders ownership, and Tobin’s Q as a measure of performance of the firm. However, for the second measurement of firm performance using ROA, the results showed a positive and significant relationship between board size, board meeting, board change, managerial ownership, institutional ownership, and block shareholders ownership. The results for interaction variables found that intellectual capital moderates the relationship between most of the board characteristics, ownership structure variables, and firm performance. The acceptance of most hypotheses related to board characteristics and ownership structure underscores their necessity during the formulation of corporate governance policy. These findings can be used by the governance and regulatory bodies to develop the code of Iraq’s corporate governance. Future research can employ comparative studies among Middle East countries to provide more robust findings that may be generalized across countries.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Qazwanji, Firas Nooraldeen Mardan
author_facet	Qazwanji, Firas Nooraldeen Mardan
author_sort	Qazwanji, Firas Nooraldeen Mardan
title	Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_short	Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_full	Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_fullStr	Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_full_unstemmed	Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies
title_sort	corporate governance and firm performance: the moderating role of intellectual capital in iraq listed companies
granting_institution	Universiti Utara Malaysia
granting_department	Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
publishDate	2022
url	https://etd.uum.edu.my/10718/1/permission%20to%20deposit-not%20allow-s903437_0001.pdf https://etd.uum.edu.my/10718/2/s903437_01.pdf https://etd.uum.edu.my/10718/3/s903437_02.pdf
_version_	1783729415595753472

Corporate governance and firm performance: The moderating role of intellectual capital in Iraq listed companies

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